Three-Unit Brick
New
For Sale
$2,650,000
1304 Avenue V, Brooklyn, NY 11229
Three apartments offer a varied bedroom mix, complemented by a finished basement and detached garage.
Property Size3,486 SF
Days on Market6
Property Features for 1304 Avenue V
General Information
Standard status
Active
Size
3,486 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$11,000
Building Details
Building Size
3,486 SF
Year Built
1925
Stories
3
Listing Agency:
Century 21 MK Realty
Listed By:
Melanie M. Kishk
(718) 627-7390
Source:
Elliman
Added: Oct 7
Last Checked: Oct 11 at 7:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 MK Realty
Investment Insights
Based on property information with market context.
Built in 1925, this brick residential property contains three separate apartments and more than 3,400 square feet of interior space. The first-floor residence has three bedrooms and two full bathrooms, along with living and dining areas and a kitchen. Two additional apartments on the second floor each provide two bedrooms, a bathroom, a kitchen, and living space.
The finished basement is accessed from the first-floor apartment and includes a recreation room, another full bathroom, laundry, and storage. Hardwood and tile flooring, split-system air conditioning in select rooms, a private driveway, detached garage, and rear patio are also part of the property. The lot measures approximately 26 x 100. Efforts are underway to deliver the property vacant.
The finished basement is accessed from the first-floor apartment and includes a recreation room, another full bathroom, laundry, and storage. Hardwood and tile flooring, split-system air conditioning in select rooms, a private driveway, detached garage, and rear patio are also part of the property. The lot measures approximately 26 x 100. Efforts are underway to deliver the property vacant.
Key Highlights
- Three apartments with a total of 7 bedrooms
- More than 3,400 square feet of interior space on an approximately 26 x 100 lot
- First‑floor apartment has 3 bedrooms and 2 full bathrooms; each upper apartment has 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,086
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,441,720
$2.4M
Cap Rate 7%
$1,744,086
$1.7M
Cap Rate 9%
$1,356,511
$1.4M
Market Conditions
NOI Build-Up for 3,486 SF
Gross rent
$177.8K $51.00/SF
− Vacancy
−$3.4K −$0.97/SF
EGI
$174.4K $50.03/SF
− OpEx
−$52.3K −$15.01/SF
NOI
$122.1K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,441,720
Cap Rate 7%
$1,744,086
Cap Rate 9%
$1,356,511
Alternative Uses
Best Use
Multifamily LT 5
$1.74M
$1.53M – $2.03M
NOI $122,086 @ 7.0% cap · market cap 4.61%
Second Best
Apartment 5plus
$1.52M
$1.33M – $1.77M
NOI $106,424 @ 7.0% cap · market cap 4.02%
Theoretical Best
Specialty Retail
$2.89M
$2.53M – $3.37M
NOI $202,049 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,185
Businesses Nearby
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Business Placement
Demographics for 11229, NY
83,669
Population
33,353
Households
2.5
Avg Household Size
40
Median Age
41%
College-Educated
88%
High-School Grad
2.0 sq mi
ZIP Area
41,835
Density / Sq Mi
$72,556
Median Household Income
$52,948
Median Earnings
$1,666
Median Rent
$812,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three apartments offer a varied bedroom mix, complemented by a finished basement and detached garage.
Where is this triplex located?
The property is located at 1304 Avenue V Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: Three apartments with a total of 7 bedrooms; More than 3,400 square feet of interior space on an approximately 26 x 100 lot; First‑floor apartment has 3 bedrooms and 2 full bathrooms; each upper apartment has 2 bedrooms and 1 bathroom
